Hahahahaha - "age starts with a 4 now" - when it gets to starting with a 6... then it's time to think about getting into shape - before then it's about enjoying yourself so that you can spend the 6...s getting into some shape!! :0

It's good to see your common sense approach on here, I always enjoy reading your analysis.

Enjoy - life is for living

Haha! It's a fairly tenuous grasp! But everything I've learnt has come from you and your website so take a bow
Hope all's goes well with the new business and it would be great to maybe arrange another get together sometime - I'm in London now ...

I'm good thanks Anne....

just don't seem to find much time for trading atm...partly because i hit the Gym every morning now...
My age starts with a 4 Now! so i thought i better do something to get in shape before its too late!

All good be lucky Anne, good luck with the new Business Remo...

atb,
Trendfriend

Anne, I see you have grasped the dark art of charts...well done...
Hope your doing well.
Sorry I’ve not been around much in the past year but that’s down to me helping the wife out with her new business.
Now I may have some time to post more charts up...hopefully...lol

Hi T/f - lovely to see you back here - thanks for your reply; I'm loving the way HOC is shaping up!

Hope all's well with you?

annes goal wrote:
Well spotted Ann...It does look like a cup and handle....and it looks like its forming the handle currently imvho...

hoc - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...035Y7cdU7hzxTVFTg+8=

It certianly looks like a nice rounded bottom in any case...and it could be argued the handle is a bull flag consolidation...the rsi looks strong as well...holding support and the 50 neutral level nicely...

so a breakout above the feb highs looks likely, in terms of trade management i would watch 220p on the upside...as its a pivot level...so may be a level to be cautious...

Also 182p/185p being the 50 and 200 day ema lines features in the daily...a weekly close below puts the bears back in charge...

This has also done a golden crossover...tbh from past experience...the strongest move usually happens in the build up to the crossover...and this did that from 150p to 210p area...

Hope that's useful, and i hope your all keeping well...

Be lucky folks..
atb, wdik, dyor,
trendfriend

certainly looks to be headed the right way. HOC is a silver miner isn't it. I'm sure I used to trade it a long while ago.

You make some great points - I don't disagree with any of them.
Maybe it's looking a little more like it now??

Ha! Maybe could have phrased that better in hindsight.

I think it's wishful thinking, but not in a negative sense. To me it makes a lot of sense to look at these things with an eye to future and what might or might no happen. I keep a few stock that I like on watch and take my time to move funds between them as and when one looks better or worse than another. I'm constantly looking for what might happen, then if it does I can move quickly to exploit it. I wouldn't enter your trade on the basis of a cup and handle from the chart you showed yesterday, but if it does develop then why not.

why, thank you!

Could it be, for arguments' sake, that the handle is a 'work in progress'? Or is this is merely wishful thinking?

You have a beautiful bottom, formed over the last 6-8 months that would represent a 'cup' if you like, but I don't see a handle

Will someone with more experience than I tell me that I am, or I am not, looking at the likelihood of a cup and handle formation here please?

Thank you